Shares of BG Down 14.5% Since Downtrend Call on Shares

SmarTrend identified a Downtrend for Bunge Ltd (NYSE:BG) on October 23rd, 2018 at $66.29. In approximately 3 months, Bunge Ltd has returned 14.51% as of today's recent price of $56.67.

Over the past year, Bunge Ltd has traded in a range of $51.13 to $83.20 and is now at $56.67, 11% above that low. The 200-day and 50-day moving averages have moved 0.49% lower and 1.3% lower over the past week, respectively.

Bunge Limited is a global agribusiness and food company. The Company buys, sells, stores, transports, and processes oilseeds and grains to make protein meal for animal feed and edible oil products for commercial customers and consumers. Bunge also produces sugar and ethanol from sugarcane, mills wheat and corn, and sells fertilizer.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Bunge Ltd.

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